We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Accessing higher interest rates for charities
Charityquestion
Posts: 1 Newbie
Hello, I am the Trustee of a charity and we have now built up some cash reserves. We have a current account with Lloyds but they are unable to offer us any products for our excess cash so we can earn a competitive interest rate. We have investigated overnight sweeps, notice accounts etc. but the rates are extremely low or the products just aren't available to a charity. The "top" easy access accounts on MSE's website only seem to be available to individuals. Can anyone help us find an account which we can use as a charity and one where we can earn at least 4%? Thank you.
0
Comments
-
4% doesn't seem to be possible unless you limit access, but hope this helps https://savingschampion.co.uk/best-buys/charity/charity-easy-access-accounts https://moneyfactscompare.co.uk/business/charity-account/?quick-links-first=falseCharityquestion said:Hello, I am the Trustee of a charity and we have now built up some cash reserves. We have a current account with Lloyds but they are unable to offer us any products for our excess cash so we can earn a competitive interest rate. We have investigated overnight sweeps, notice accounts etc. but the rates are extremely low or the products just aren't available to a charity. The "top" easy access accounts on MSE's website only seem to be available to individuals. Can anyone help us find an account which we can use as a charity and one where we can earn at least 4%? Thank you.If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.3
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards